Journal ArticleDOI
Financial Development, Institutional Quality and Inclusive Growth in Africa:
TLDR
The authors investigated the relationship between financial development and Inclusive Growth, and found that FD is more closely related to Inclusive growth than economic growth, whereas the focus of the literature has been on economic growth.Abstract:
We investigate the relationship between Financial Development (FD) and Inclusive Growth (IG) unlike extant literature whose concentration has been on economic growth, which we refer to as w...read more
Citations
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Towards shared prosperity in sub‐Saharan Africa: How does the effect of economic integration compare to social equity policies?
TL;DR: In this article , the authors examined the effects of social equity policies and economic integration on inclusive growth in sub-Saharan Africa and investigated the joint effects of economic integration and resource allocation.
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Interplay between financial sector and institutional framework in the economic growth process of Kenya
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Repackaging FDI for Inclusive Growth: Nullifying Effects and Policy Relevant Thresholds of Governance
TL;DR: In this paper , the authors examined whether the remarkable inflow of resources in the form of foreign direct investment (FDI) to SSA contributes to inclusive growth in the region.
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On the transmission mechanisms in the finance–growth nexus in Southern African countries: Does institution matter?
TL;DR: In this paper, a cross-sectional dependence among countries within an economic bloc was taken care of by using the nonparametric covariance matrix estimator to take care of crosssectional dependence and found that institutional quality complements and stimulates the growth benefits of financial development in Southern African countries.
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The effect of institutional factors on financial deepening: evidence from 50 African countries
TL;DR: In this paper , the authors investigated the impact of institutional factors on financial deepening and its implications on bank credit in Africa by employing different panel econometric models to examine the heterogeneity of 50 African countries from 2000 to 2019.
References
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Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
The mechanics of economic development
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
Journal ArticleDOI
On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.
Journal ArticleDOI
Another look at the instrumental variable estimation of error-components models
Manuel Arellano,Olympia Bover +1 more
TL;DR: In this paper, a framework for efficient IV estimators of random effects models with information in levels which can accommodate predetermined variables is presented. But the authors do not consider models with predetermined variables that have constant correlation with the effects.
Posted Content
Financial Development and Economic Growth: Views and Agenda
Ross Levine,Ross Levine +1 more
TL;DR: The authors argue that the preponderance of theoretical reasoning and empirical evidence suggests a positive, first-order relationship between financial development and economic growth, and that the development of financial markets and institutions is a critical and inextricable part of the growth process and away from the view that the financial system is an inconsequential sidehow, responding passively to economic growth.